The world’s largest cryptocurrency exchange, Binance, has responded to the warning issued by the Financial Sector Conduct Authority (FSCA) of South Africa. Previously, the South African FSCA had issued a warning to the general public concerning its legal status in the country. In response to that, Binance has set the records stating that it does not operate any Binance.com subsidiary with the name Binance Group that operates from Seychelles. The exchange also requested investors to be aware of scammers.